Tag #Trade War

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forbes.com

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Jul 23, 01:12

GM Q2 Earnings Reveal $1.1 Billion Tariff Impact, Share Price Plunges

General Motors' Q2 2025 earnings revealed a $1.1 billion net tariff cost, resulting in a 35.4% year-over-year decrease in net income and an 8.12% drop in share price on July 22nd, highlighting the substantial financial impact of tariffs on the automaker.

GM Q2 Earnings Reveal $1.1 Billion Tariff Impact, Share Price Plunges

General Motors' Q2 2025 earnings revealed a $1.1 billion net tariff cost, resulting in a 35.4% year-over-year decrease in net income and an 8.12% drop in share price on July 22nd, highlighting the substantial financial impact of tariffs on the automaker.

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How are GM's mitigation strategies addressing tariff-related challenges, and what are the limitations?

GM's experience highlights the substantial financial burden of tariffs on U.S. automakers, stemming from tariffs on steel, aluminum, and goods from Canada and Mexico. These costs are partially offset by mitigation efforts, but GM projects a $4 billion to $5 billion total tariff impact for 2025. This underscores the broader economic consequences of protectionist trade policies, affecting not only corporate profits but also investor confidence and market stability.

es.euronews.com

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Jul 23, 10:16

Trump Announces New Trade Framework with Japan, Imposing 15% Tariff

US President Donald Trump announced a new trade framework with Japan on Tuesday, imposing a 15% tariff on Japanese imports while securing a $550 billion investment commitment from Japan in exchange for opening its market to US rice and automobiles; similar agreements with the Philippines and Indones...

Trump Announces New Trade Framework with Japan, Imposing 15% Tariff

US President Donald Trump announced a new trade framework with Japan on Tuesday, imposing a 15% tariff on Japanese imports while securing a $550 billion investment commitment from Japan in exchange for opening its market to US rice and automobiles; similar agreements with the Philippines and Indones...

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What are the potential consequences for consumers and businesses resulting from the new tariffs imposed by the US?

Trump's trade deal with Japan follows his threat of a 25% tariff. The reduced 15% tariff and Japanese investment commitment aim to bolster domestic manufacturing, decrease trade deficits, and increase revenue. However, businesses warn of increased costs that could impact consumers.",

aljazeera.com

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Jul 23, 10:15

EU-China Summit Aims to Reset Relations Amidst Tensions

EU Commission President Ursula von der Leyen and European Council President Antonio Costa will meet Chinese President Xi Jinping in Beijing on Thursday for a summit aimed at resetting EU-China relations, despite significant tensions over trade, human rights, and China's support for Russia.

EU-China Summit Aims to Reset Relations Amidst Tensions

EU Commission President Ursula von der Leyen and European Council President Antonio Costa will meet Chinese President Xi Jinping in Beijing on Thursday for a summit aimed at resetting EU-China relations, despite significant tensions over trade, human rights, and China's support for Russia.

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What are the immediate implications of the EU-China summit for trade relations between the two blocs?

EU leaders von der Leyen and Costa will meet with Chinese President Xi Jinping in Beijing on Thursday for the 25th EU-China summit, aiming to improve relations despite ongoing disputes. The meeting, initially planned in Brussels but moved to Beijing after Xi declined the invitation, will address trade imbalances and concerns about China's support for Russia.

it.euronews.com

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Jul 23, 16:12

EU-China Summit Aims to Avert Relationship Breakdown Amidst Geopolitical Tensions

The EU and China hold a summit to address strained relations amid China's rare earth export restrictions, support for Russia in the Ukraine war, and significant trade imbalances exceeding €300 billion in 2024; the EU seeks at least a joint climate declaration.

EU-China Summit Aims to Avert Relationship Breakdown Amidst Geopolitical Tensions

The EU and China hold a summit to address strained relations amid China's rare earth export restrictions, support for Russia in the Ukraine war, and significant trade imbalances exceeding €300 billion in 2024; the EU seeks at least a joint climate declaration.

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What are the immediate implications of the EU-China summit given the current geopolitical climate and economic tensions?

The EU-China summit, despite celebrating 50 years of diplomatic relations, aims to prevent a complete breakdown in bilateral ties amid global turbulence. A senior EU official admitted that the summit itself is already a success, highlighting the precariousness of the relationship. The summit occurs against a backdrop of rising Chinese assertiveness and geopolitical instability.

smh.com.au

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Jul 23, 07:14

GM's $1.1 Billion Tariff Loss Contradicts Trump's Claims

General Motors reported $US1.1 billion in tariff-related costs during the June quarter, impacting its earnings and share price; this contradicts Trump's claim that exporting countries bear the burden of tariffs.

GM's $1.1 Billion Tariff Loss Contradicts Trump's Claims

General Motors reported $US1.1 billion in tariff-related costs during the June quarter, impacting its earnings and share price; this contradicts Trump's claim that exporting countries bear the burden of tariffs.

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What are the short-term and long-term economic consequences of US tariffs on companies like General Motors and the broader US economy?

GM's experience directly contradicts Trump's claim that exporting countries bear the burden of tariffs. The company's substantial losses demonstrate that US manufacturers often absorb these costs, impacting their profitability and investment capacity. This contradicts the claim that tariffs only affect exporting countries.

repubblica.it

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Jul 23, 04:12

Trump Tariffs Hit US Automakers: GM Projects \$4-5 Billion in Losses

US tariffs are significantly impacting American automakers, with General Motors reporting a \$1.1 billion loss in Q2 2025 due to tariffs, projecting \$4-5 billion in total losses for the year. Other manufacturers like Stellantis and Ford also anticipate substantial losses, leading to factory reorgan...

Trump Tariffs Hit US Automakers: GM Projects \$4-5 Billion in Losses

US tariffs are significantly impacting American automakers, with General Motors reporting a \$1.1 billion loss in Q2 2025 due to tariffs, projecting \$4-5 billion in total losses for the year. Other manufacturers like Stellantis and Ford also anticipate substantial losses, leading to factory reorgan...

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What is the immediate financial impact of Trump's tariffs on major US automakers, and what specific actions are they taking in response?

General Motors' second-quarter results show a 35.4% drop in profit to \$1.9 billion, and a 1.8% decrease in revenue to \$47.1 billion, with US tariffs contributing to \$1.1 billion of this loss. GM projects \$4-5 billion in losses for the year due to tariffs.

abcnews.go.com

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Jul 23, 19:11

Trump Hints at China Summit Amidst Easing Trade Tensions

President Trump hinted at a possible summit with Chinese President Xi Jinping, aiming to improve strained relations and following recent trade talks which saw reductions in tariffs and the resumption of vital rare earth exports from China to the US.

Trump Hints at China Summit Amidst Easing Trade Tensions

President Trump hinted at a possible summit with Chinese President Xi Jinping, aiming to improve strained relations and following recent trade talks which saw reductions in tariffs and the resumption of vital rare earth exports from China to the US.

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What are the immediate implications of President Trump's suggestion of a meeting with Chinese President Xi Jinping?

President Trump's recent statement suggests a potential summit with Chinese President Xi Jinping in the near future, aiming to improve bilateral relations strained by the trade war. Resumption of Chinese rare earth magnet shipments to the U.S. indicates a positive step towards de-escalation, although specific details of the proposed summit remain undisclosed. This potential meeting follows recent trade talks resulting in tariff reductions and easing of trade restrictions.

zeit.de

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Jul 23, 10:16

Strained EU-China Summit Highlights Geopolitical and Geoeconomic Tensions

The EU-China summit in Beijing, lasting only one day instead of two, reflects severely strained relations due to China's support for Russia's invasion of Ukraine and aggressive trade practices resulting in a €300 billion trade deficit for the EU.

Strained EU-China Summit Highlights Geopolitical and Geoeconomic Tensions

The EU-China summit in Beijing, lasting only one day instead of two, reflects severely strained relations due to China's support for Russia's invasion of Ukraine and aggressive trade practices resulting in a €300 billion trade deficit for the EU.

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What are the key factors contributing to the current deterioration of EU-China relations, and what are the immediate consequences for the EU?

The EU-China summit, originally planned for two days, was shortened to one by China, reflecting strained relations. China's refusal of Xi Jinping's visit to Brussels further highlights this tension, which is exacerbated by China's support for Russia's war in Ukraine and aggressive trade practices.

cnn.com

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Jul 23, 16:12

Record Stock Market Highs Amidst Global Uncertainty

Six months into President Trump's second term, the S&P 500 reached a record high above 6,300 points, despite trade tensions, geopolitical instability, and attacks on the Federal Reserve's independence; the rally is driven by retail investors and expectations of eventual trade deals.

Record Stock Market Highs Amidst Global Uncertainty

Six months into President Trump's second term, the S&P 500 reached a record high above 6,300 points, despite trade tensions, geopolitical instability, and attacks on the Federal Reserve's independence; the rally is driven by retail investors and expectations of eventual trade deals.

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What are the immediate economic implications of the S&P 500's record highs in the context of ongoing global uncertainties?

Despite significant global challenges—including trade disputes, geopolitical conflicts, and attacks on the Federal Reserve—the S&P 500 has hit record highs, exceeding 6,300 points for the first time. This surge follows a sharp recovery from early April lows, showcasing market resilience and investor confidence.

politico.eu

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Jul 23, 07:14

ECB to Pause Rate Cuts Amid U.S.-EU Tariff Dispute

Facing rising U.S.-EU trade tensions and the threat of significant tariffs, the European Central Bank is expected to pause its interest rate cuts next Thursday, reflecting uncertainty about the economic impact of the trade dispute.

ECB to Pause Rate Cuts Amid U.S.-EU Tariff Dispute

Facing rising U.S.-EU trade tensions and the threat of significant tariffs, the European Central Bank is expected to pause its interest rate cuts next Thursday, reflecting uncertainty about the economic impact of the trade dispute.

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How do differing views within the ECB regarding the economic impact of the trade dispute influence the decision on interest rates?

The trade dispute between the U.S. and the EU, marked by President Trump's proposed 30 percent tariff on EU imports and the EU's planned retaliatory tariffs, is the primary driver behind the ECB's pause. This uncertainty introduces the risk of stagflation in the euro area—a combination of slow economic growth and high inflation—making it difficult for the ECB to determine appropriate monetary policy.

politico.eu

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Jul 23, 07:14

Strained EU-China Summit Reflects Deteriorating Relations

The EU-China summit, originally planned as a celebration of 50 years of diplomatic relations, is overshadowed by significant tensions stemming from trade disputes, China's support for Russia, and export restrictions on critical materials, resulting in a shortened one-day meeting and no joint stateme...

Strained EU-China Summit Reflects Deteriorating Relations

The EU-China summit, originally planned as a celebration of 50 years of diplomatic relations, is overshadowed by significant tensions stemming from trade disputes, China's support for Russia, and export restrictions on critical materials, resulting in a shortened one-day meeting and no joint stateme...

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How have China's export restrictions on critical raw materials impacted European industries, and what are the potential long-term consequences?

China's recent actions, including export restrictions on critical raw materials like gallium and retaliatory measures against EU medical device regulations, have exacerbated tensions. These actions are viewed by some EU members as attempts to exert economic pressure, impacting European industries and supply chains.

elmundo.es

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Jul 23, 04:12

US Investigates Brazil's Pix Payment System, Escalating Trade Dispute

The United States launched an investigation into Brazil's Pix electronic payment system, alleging unfair practices favoring government-developed services, impacting major U.S. payment companies and escalating existing trade tensions between the two countries.

US Investigates Brazil's Pix Payment System, Escalating Trade Dispute

The United States launched an investigation into Brazil's Pix electronic payment system, alleging unfair practices favoring government-developed services, impacting major U.S. payment companies and escalating existing trade tensions between the two countries.

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What are the immediate economic and political consequences of the U.S. investigation into Brazil's Pix payment system?

The U.S. launched an investigation into Brazil's Pix electronic payment system, citing unfair practices favoring government-developed services. This impacts U.S. companies like Visa, Mastercard, Apple Pay, and Google Pay, which face increased competition from the commission-free Pix system used by 175 million Brazilians.

Showing 433 to 444 of 3,850 results